Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

[jedwards]

Quote from jedwards:

For the record, in the 2 day online event this week, Hoffman will apparently talk about how he is going to set his stops, instead of keeping his so-called mental stops (I guess his stops are 130 ticks away?). Also, he's going detail how he will trade less contracts.

I'd be interested to see how his record performs under those conditions going forward. I'll wager he becomes break even pretty quickly.

(By break even, I meant his trading will become 50/50, not that he will recover from his impressive 300k loss.)

 

[Jreality]

Ironically, John Carter's own trading plan has the following rule:

"If you hit a 30% total drawdown, it is time for a 6 week break from trading."

Maybe Rob needs to follow that rule.

 

[Jreality]

Quote from jedwards:

(By break even, I meant his trading will become 50/50, not that he will recover from his impressive 300k loss.)

I would expect that he still will have a high percentage of winners, but the losers will be more frequent than before and the losers will still be bigger than the winners.

He will probably be break-even overall. Even if he is profitable, most of the followers will likely still get chopped up and lose money.

 

[AMT4SWA]

Infinity needs to bail on this whole game....they can't be happy about the results.

 

[Illum]

Quote from failed_trad3r:

Nope it wasn't. you're talking out you're ass.
Unless you went on a trial or was in the room paid for, you would not have known he was martingaling and targeting 1-2 ticks.
None of his videos in 2009-2010 talk about martingaling or tick targets.

Could you have surmised he was a snake oil salesmen? Yes, but it would have been just an (accurate though) guess.

You're not that smart, you got lucky.

I'm sorry you got burned. I didn't say I was smart. I said I was idiot. And yet I still knew this guy was full of shit. Why is that so remarkable to you? lol? Do you somehow think you have to be smart or join a room to see what a loser someone like this is? Robert Hoffman was a marble mouth liar from day one. A loser, who tried to feed off other losers. It was fun to rag on him back then and now. It's not easy for someone as dumb as myself to find more pathetic traders. I found 2 now. How much did u lose?

 

[failed_trad3r]

Quote from Illum:

I'm sorry you got burned. I didn't say I was smart. I said I was idiot. And yet I still knew this guy was full of shit. Why is that so remarkable to you? lol? Do you somehow think you have to be smart or join a room to see what a loser someone like this is? Robert Hoffman was a marble mouth liar from day one. A loser, who tried to feed off other losers. It was fun to rag on him back then and now. It's not easy for someone as dumb as myself to find more pathetic traders. I found 2 now. How much did u lose?

If you have a hammer, everything looks like a nail. If you think everybody is a snake oil salesman, ofcourse you would think the Hoff is a snake oil salesmen.

After-the-fact I-told-you-so's won't help any newbies avoid future catastrophes. As I said, you would not have known his actual trading style unless you was in his room. Yes, I was in his room a month. His conversation in the youtube videos is not similar at all to his trading style in his live videos.

 

[Jreality]

Hoffman will apparently talk about how he is going to set his stops, instead of keeping his so-called mental stops

Interesting how it took a blown out account before he decided to use stops again. And people are paying him for this expert trading advice?!

Also, he's going detail how he will trade less contracts.

I would think that he would have to trade less contracts after blowing out his account! Just sayin'

 

[stock777]

you are all very lucky to have a man like that willing to trade in public.

suggest you send as much as you can to the Get Back To Even Fund(c) so he can resume showing you how its done at an early date.

 

[stock777]

Quote from Jackie Treehorn:

The guys is Making 150K-250k a month to teach you how to make 60 bucks on a trade...


Doesn't take a genius to figure out the angle.....

Protect that win streak at all costs, even if he dropped 350k., it was worth it to him...


Its the people who continue to pay for his service after they see its just martingaling scheme disguised by novice advice that are the real assholes...

Another ingrate . They crucified another good man some time ago. Play it again, Marty (check out that blonde)

 

[pokito]

What is the latest on Rob Hoffman.?
Did he make it all back the following week (and then some).?

He was going to post a clip on youtube with detailed analysis of his disastrous 312K trade, he never did i think....at least I can't find it.